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Pensions
Quick Hit
by Aricka Flowers
8:32pm
Thu Apr 17

CTU Releases Editorial Cartoon Blasting Rauner For 'Hypocrisy'

The Chicago Teachers Union released an editorial cartoon Thursday blasting Illinois GOP gubernatorial candidate Bruce Rauner for the "hypocrisy of [his] campaign for governor as he hides behind his wife." Earlier this month, Rauner's campaign began running a TV ad touting the venture capitalist's Democratic wife. Read more »

Quick Hit
by Ellyn Fortino
6:36pm
Fri Apr 11

Report: TIFs Play A Role In Chicago's Pension Crisis

With the media and public spotlight on Chicago's pension crisis, the non-partisan research center Good Jobs First is turning the attention to the city's controversial tax increment financing, or TIF, program.

In its recent "Putting Municipal Pension Costs Into Context: Chicago" report, the Washington, D.C.-based group asserts that the TIF program has played a part in the underfunding of pensions in the city.

"It's really hard to ignore the evidence that TIF has had some sort of impact on pensions," said Tommy Cafcas, research analyst at Good Jobs First, which works to promote corporate and government accountability.

"We know that TIF costs grew, and they started growing really quickly after 2000. We know that general fund revenues declined ... and we know that the city addressed its budget gap in part by making inadequate contributions to public pensions, so it seems reasonable that TIF plays a role in how the city thinks about addressing the pension issue." Read more »

PI Original
by Anthony Burke Boylan
9:47am
Thu Apr 10

Chicago City Council's Progressive Reform Coalition Raising Funds To Be 'More Active & Efficient'

The Progressive Reform Coalition will have something of a coming out party Thursday night with a fundraiser designed to introduce itself to the public and raise money to be a more active and more efficient force in city politics. Progress Illinois takes a look at what the caucus is hoping to accomplish with the additional funds.